PACKAGING
Oji ties up S. Pack deal with buy of family's stake
- Published: 3 Oct 2012 at 00.00
- Newspaper section: Business
The Japanese paper business Oji Holdings Corporation has taken over the SET-listed packaging maker S. Pack & Print after it acquired most of the shares from the Chinsupakul family.
Oji Holdings, formerly known as Oji Paper Co, acquired the shares from Yuth Chinsupakul, the founder of S. Pack, his family and other shareholders. They sold 81 million shares or 27% of the total at a price of four baht per share, or 342 million baht.
Oji's ownership in S. Pack will increase to 151 million shares or 50.33% of its total paid up capital of 300 million baht, requiring a tender offer by the new major shareholder to the public. Oji will offer details of its tender offer later, according to its statement to the Stock Exchange of Thailand.
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